MACAN WILLIAM ANDREW 4

What Happened
William Andrew Macan, EVP, Chief Legal Officer and Corporate Secretary of Neuronetics, sold 3,485 shares of STIM stock in open-market transactions on February 10, 2026. The sales were at a weighted average price of $1.55 per share for aggregate proceeds of approximately $5,402.

Key Details

• Transaction date: 2026-02-10 (Filed: 2026-02-12 — timely; within the two-business-day Form 4 window)
• Transaction type/code: Sale (S) — open market/private sale reported as multiple trades
• Price and quantity: 3,485 shares; weighted average price $1.55; per-share prices ranged $1.45–$1.60 (sold in multiple transactions)
• Total proceeds: ~$5,402
• Reason noted: Non-discretionary sales to satisfy the reporting person’s tax withholding obligation upon vesting of a portion of a restricted stock unit (RSU) award (footnote F1)
• Additional note: Reporting person will provide breakdown of number of shares sold at each price within the stated range upon request (footnote F2)
• Shares owned after transaction: Not specified in the provided excerpt of the filing

Context
Sales to cover tax withholding on RSU vesting are common and generally considered routine rather than a strong signal about an insider’s view of the company. For retail investors, insider purchases are typically more informative about confidence than routine sell-to-cover transactions. This filing appears to be a routine, timely disclosure of such a sell-to-cover event.